HB1219: A BILL FOR AN ACT to amend the Indiana Code concerning taxation.
Page last updated: Sunday, April 20, 2025 at 6:56 PM (America/Indianapolis).
General Information
- Stage: Introduced House Bill (H)
- Current Chamber: house
- Origin Chamber: house
- Description: Taxation of grain processing equipment.
Legislators
Authors (1)
Coauthors (1)
Sponsors (0)
Cosponsors (0)
Advisors (0)
Conferees (0)
Actions (3 total)
- Jan 27, 2025, 10:43 AM: Representative Criswell added as coauthor
- Jan 8, 2025, 4:54 AM: First reading: referred to Committee on Ways and Means
- Jan 8, 2025, 4:54 AM: Authored by Representative Culp
Digest
Provides an assessed value deduction for eligible grain processing equipment equal to 100% of the assessed value for assessment dates beginning in 2026. However, limits the deduction to 10 consecutive years in the case of an owner of the equipment who is a grain buyer or warehouse subject to licensing by the Indiana grain buyers and warehouse licensing agency. Provides a sales tax exemption for equipment used in storing, drying, moving, removing, and handling agriculturally cultivated grain crops.